32
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$8,650,000
Est. payment /mo
45 Beds
41 Baths
22,880 SqFt
Price Dropped by $345K
5330 Satsuma AVE North Hollywood, CA 91601
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 22,880 sqft
Price per Sqft $378
MLS Listing ID 26671447
Bedrooms 45
HOA Y/N No
Year Built 2005
Lot Size 0.418 Acres
Property Description
5330 Satsuma Avenue presents a generational acquisition opportunity offered for the first time on the market since its development by the original owner. Meticulously maintained and in excellent condition, the property reflects a long-term commitment to quality ownership and offers investors a rare, turnkey asset in one of North Hollywood's most desirable rental enclaves. Completed in 2005, the asset is comprised of 20 luxury townhome-style residences featuring an attractive mix of fifteen two-bedroom, 2.5-bath units and five three-bedroom, 2.5-bath units. The multi-level design provides a level of privacy, scale, and livability more akin to single-family homes than traditional multifamily product an increasingly sought-after characteristic that supports tenant retention and premium rental positioning. Each residence is further enhanced by in-unit washer and dryer, aligning with modern renter expectations. The property is ideally positioned near the NoHo Arts District, one of Los Angeles' most dynamic and evolving submarkets. With a Walk Score of 89, residents benefit from immediate access to a curated mix of dining, retail, and entertainment offerings, fostering a highly walkable, lifestyle-driven environment that continues to attract a strong and stable tenant base. From an investment standpoint, 5330 Satsuma Avenue offers a compelling basis at approximately $378 per square foot well below replacement cost providing both downside protection and long-term upside potential in a market characterized by increasing barriers to entry. The asset is further complemented by 20 on-site storage units, delivering an additional revenue stream while enhancing overall tenant convenience. Combining irreplaceable location, differentiated design, and enduring physical quality, 5330 Satsuma Avenue represents a rare opportunity to acquire a best-in-class asset with strong in-place fundamentals and the potential for continued long-term growth.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Gated
Community Features Gated
Total Parking Spaces 40
Building
Story 2
Entry Level Three Or More
Architectural Style Mediterranean
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 2416008046
Security Features Gated Community
Special Listing Condition Standard
Listed by Michael Monempour Lyon Stahl Investment Real Estate, Inc. #01996829
NEARBY SCHOOL & BUSINESS
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